Preparing a Bank Reconciliation on a Monthly Basis Is an Example

question 52

Multiple Choice

Preparing a bank reconciliation on a monthly basis is an example of:

• A) Establishing responsibility.
• B) Separation of duties.
• C) Protecting assets by proving accuracy of cash records.
• D) A technological control.
• E) Poor internal control.

---

Definitions:

Moral Standards

Principles or norms of behavior that distinguish between acceptable and unacceptable actions, often based on societal or personal beliefs.

Sustainability Message

A communication strategy that emphasizes the importance of maintaining ecological and environmental balance, and promoting long-term environmental health and prosperity.

Organizational Responsibility

Refers to the ethical and societal duty of a company or organization to act in the best interests of their employees, stakeholders, and the community, often encompassing environmental stewardship and social responsibility.

GSTC

The Global Sustainable Tourism Council, which establishes and manages global standards for sustainable travel and tourism.